Brokerages expect that Capital One Financial Corp. (NYSE:COF) will announce sales of $6.97 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Capital One Financial’s earnings. The lowest sales estimate is $6.44 billion and the highest is $7.31 billion. Capital One Financial posted sales of $7.12 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, July 21st.
According to Zacks, analysts expect that Capital One Financial will report full-year sales of $28.24 billion for the current financial year, with estimates ranging from $27.13 billion to $29.40 billion. For the next year, analysts expect that the firm will report sales of $28.45 billion, with estimates ranging from $27.62 billion to $30.33 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Capital One Financial.
Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported ($3.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.90 by ($5.92). The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.34 billion. Capital One Financial had a return on equity of 5.73% and a net margin of 8.26%. Capital One Financial’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $2.90 earnings per share.
Several brokerages recently weighed in on COF. Barclays reaffirmed a “buy” rating and set a $93.00 price objective on shares of Capital One Financial in a research report on Thursday, April 9th. Oppenheimer cut their price objective on shares of Capital One Financial from $66.00 to $63.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Capital One Financial from $114.50 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Piper Sandler raised their price objective on shares of Capital One Financial from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Wells Fargo & Co dropped their price target on shares of Capital One Financial from $115.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.18.
In other Capital One Financial news, insider Timothy P. Golden sold 3,334 shares of Capital One Financial stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $57.63, for a total transaction of $192,138.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Capital One Financial during the 4th quarter worth approximately $509,327,000. Davis Selected Advisers raised its stake in Capital One Financial by 20.9% in the 1st quarter. Davis Selected Advisers now owns 15,994,663 shares of the financial services provider’s stock valued at $806,451,000 after acquiring an additional 2,769,648 shares during the period. First Manhattan Co. raised its stake in Capital One Financial by 108.0% in the 1st quarter. First Manhattan Co. now owns 1,855,277 shares of the financial services provider’s stock valued at $93,543,000 after acquiring an additional 963,319 shares during the period. Ceredex Value Advisors LLC acquired a new position in Capital One Financial in the 1st quarter valued at $45,046,000. Finally, Eminence Capital LP acquired a new position in Capital One Financial in the 1st quarter valued at $33,891,000. Institutional investors own 89.13% of the company’s stock.
NYSE COF opened at $62.38 on Tuesday. The company has a 50 day simple moving average of $66.89 and a 200-day simple moving average of $78.83. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $27.85 billion, a price-to-earnings ratio of 12.28 and a beta of 1.73. Capital One Financial has a 52-week low of $38.00 and a 52-week high of $107.59.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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